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Parliament to Approve Shs8.2 Trillion Borrowing Amid Soaring Public Debt

Parliament to Approve Shs8.2 Trillion Borrowing Amid Soaring Public Debt

Parliament is today set to authorize a staggering Shs8.2 trillion in new borrowing, a move that signals the nation’s spiralling public debt already at Shs116.2 trillion (51.3% of GDP) and its economic implications.According to the house order of today’s business (Order Paper), out of t

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How Bitcoin Could Help You Retire a Millionaire

How Bitcoin Could Help You Retire a Millionaire

Key PointsThere are now more than 145,000 Bitcoin millionaires in the world.Due to Bitcoin's impressive performance during the past five years, investors have been able to tap into the power of compounding returns.Spot Bitcoin ETFs create an easy, convenient, and low-cost met

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Muntu pledges to revive tea sector, fight corruption.

Muntu pledges to revive tea sector, fight corruption.

The Alliance for National Transformation (ANT) presidential candidate, Rtd Maj Gen Mugisha Muntu, has pledged to revitalise Uganda’s struggling tea industry if elected in the forthcoming general elections.Addressing supporters in Kyenjojo district on Friday, Muntu said restoring the tea

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Madagascar strips ex-president Rajoelina of citizenship as former aid arrested for money laundering

Madagascar strips ex-president Rajoelina of citizenship as former aid arrested for money laundering

Madagascar’s former president Andry Rajoelina has been stripped of his nationality after fleeing the country earlier this month amid widespread youth-led protests.The news came as his former advisor, businessman Maminiaina Ravatomanga was arrested in Mauritius, on suspicion laundering mo

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Kenzo Considers Resignation from Federation Presidency over SACCO Money

Kenzo Considers Resignation from Federation Presidency over SACCO Money

Musician Eddy Kenzo has threatened to resign from the Presidency of the Uganda National Musicians Federation (UNMF).He said he will consider resigning and leaving the position because of the Ministry of Finance’s plan to prevent

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Why Uganda’s oil refinery remains behind schedule

Why Uganda’s oil refinery remains behind schedule

An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.Delayed construction heightens importance of missing piece in

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Seychelles’ opposition leader wins presidential poll

Seychelles’ opposition leader wins presidential poll

Seychelles‘ main opposition leader Patrick Herminie has won pres

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Egypt’s Sisi Revives Military Options Over Ethiopia Dam

Egypt’s Sisi Revives Military Options Over Ethiopia Dam

Egyptian President Abdel-Fattah al-Sisi (R) meets with visiting Ethiopian Prime Minister Abiy Ahmed Ali in Cairo, Egypt, on June 10, 2018CAIRO: Egyptian President Abdel Fattah el-Sisi on Sunday issued his strongest warning yet to Ethiopia

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UEDCL Gains Over 640,000 New Connections in Six Months

UEDCL Gains Over 640,000 New Connections in Six Months

(L-R) Benson Turamye, Executive Director of Public Procurement and Disposal of Public Assets Authority (PPDA), Patrick Birungi, Executive Director Uganda Development Corporation (UDC) and Paul Mwesigwa, Managing Director Uganda Electricity Distribution Company L

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NUP Begins Vetting Parliamentary Aspirants

NUP Begins Vetting Parliamentary Aspirants

The National Unity Platform (NUP) has kicked off the vetting of aspiring Members of Parliament, with the process starting on Monday at the party’s headquarters in Makerere-Kavule.Aspirants from Wakiso, West Nile, and Kigezi were the first to appear before the party’s E

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